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to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
and breaking news. president obama and house speaker john boehner speaking today about what is needed to avoid a potential economic crisis in january. >>> an ohio teen sentenced in a deadly plot to lure victims with phony job offers on craig's list. >>> silent killers of superstorm sandy d the threat of carbon monoxide exposure, dangers from downed power lines and contaminated water. it is all "happening now." jon: iran uping the stakes with the standoff over the west on its nuclear program. a good friday morning to you. i'm jon scott. >> i'm jamie colby. good to have you here. i'm in for jenna lee today. talk about happening now, there is lot happening this hour. let's start with this. iranian warplanes opening fire an unarmed u.s. drone? the pentagon said it was flying over the gulf. that international waters. fortunately the drone was not damaged. jon: all this as the you know announce as fresh round of new diplomatic talks with iran next month. national security correspondent jennifer griffin live at the pentagon with more on this. this happened november 1st. why are we hearing about it no
obama and house speaker john boehner pledging to work together this time around with the threat of the fiscal cliff just months away. is it just talk or are they actually going to find common ground before it is too late? we'll talk about that. >>> plus the deadly disease that can be predicted by visible signs of aging. we'll talk about that with a doctor coming up. >>> armed motor thieves racing through a busy mall. how about that? the jewelry store heist caught on tape. it's all "happening now.". jenna: hi, everybody. great to have you with us today. i'm jenna lee. jon: i'm jon scott. lots to get too today. we want to get started what is going on in the northeast. mother nature package powerful punch hitting an area still recovering from superstorm sandy d a strong nor'easter dumping freezing rain and snow on new york and new jersey. this winery mix coming at the worst possible time with hundreds of thousands of people still waiting for electricity to be restored after sandy. no power means no heat as temperatures plunge. steve centanni is live in new jersey. steve? >> reporte
and they don't want to break with their party orthodoxy and do that. you hear house speaker john boehner talk about finding new revenue through tax rerecall to. i think they will get down something to put off the fiscal cliff and put off sequestration cuts. as for broad outlines of tax reform i don't think we'll know that for months to come. jon: i herd an interesting statement from senate majority leader harry reid yesterday. he said you can push us push us, and push us and we'll be accommodating but you have to compromise. as if to say republicans or the house members, house republicans are the ones who need to compromise in the upcoming legislative session? >> well, i'll tell you house republicans feel of two mind right now. they actually don't want to have a middle class tax hike on their shoulders if the president calls the bluff and let he is all of the tax cuts expire because republicans wouldn't raise taxes on the top brackets. they don't want that on their heads. they think that would be damaging to them politically. they're looking 2014 where they want to take back majority in the s
as the middle class does not get hurt. house speaker john boehner seems optimistic about these negotiations. >> we can all imagine a scenario where we go off the fiscal cliff. if, if despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in congress that we can't even agree on giving middle class family as tax cut, then, middle class families will all end up having a big tax hike. >> there are no barriers here to sitting down and beginning to work through this process. i don't think anyone on either side of the aisle underestimates the difficulty that faces us. but i do think that the spirit of cooperation that you have seen over the last week from myself and my team, from democrats across the aisle, from the president, have created an atmosphere where i think that, i'm, remain optimistic. i was born with a glass half-full. if i hadn't been i sure wouldn't be here. jon: so let's get to it. how close are we to the edge of that fiscal cliff? marjorie clifton, a former consultant to the obama campaign a
. this as house speaker john boehner hints he may be willing to compromise on the president on the gop's hard anti-tax position. would he have the backing of his party? would democrats go along? alexis mcgill johnson the executive director for american values institute. terry holt, former bush-cheney national spokesman and former senior advisor to the rnc. good to see both of you. terry, compromise seemed like a dirty word in the outgoing congress a lot of times. now that we're post-election, we have the lame duck, what do you think? does john boehner have the backing of his conference? >> boehner comes in probably stronger than he did in two years ago when we were facing off with president obama over stimulus and so forth. he won a lot of those battles. this year i think it is even more, republicans come in even more united resolve against increases in tax rates. we have reason to be optimistic. president obama said on friday, gave a presser, and didn't mention his tax rates promise. so we feel like if we can be united and strong together, we can go into an effort to find common ground without th
Search Results 0 to 9 of about 10 (some duplicates have been removed)

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